SECOND SEACEN-CEMLA CONFERENCE
Punta del Este, Uruguay
15-16 November 2012
The environment in which central banks operate has changed dramatically in recent years with increased globalization of financial markets. The impact of increasingly integrated financial markets has been felt on the volatility of net capital flows, foreign direct investments, portfolio investments, and volatility of exchange rates. The increased uncertainty, instability of the global financial environment and complexity of financial transactions have influenced the way in which central banks perform their roles in safeguarding macroeconomic and financial stability.
It was with these concerns in mind that the Second SEACEN-CEMLA Conference was organized in Punta del Este, Uruguay, on 15-16 November 2012. Hosted by the Banco Central Del Uruguay, the timely theme of the Conference was on “Cross-regional collaboration among central banks in the Asian and Latin American regions through various strategic initiatives”.
The keynote speakers included Mr. Armando M. Tetangco, Governor, Bangko Sentral ng Pilipinas; Dr. Hans Timmer, Director, Development Prospects Group, The World Bank and Dr. José Luis Escrivá, Chief Representative for the Americas, Bank for International Settlements.
The SEACEN Centre was represented by its Executive Director, Mr. Hookyu Rhu, who gave a presentation on “Scope for Central Banking Cooperation: New- Age Era for Policy Coordination” and Mr. Michael Zamorski, Adviser, who spoke on “Post-Crisis Strategies to Enhance Prudential Supervision and Regulation to Promote Financial Stability”.
Other speakers included the following: Dr. Boris Vujčić, Governor, Croatian National Bank; Dr. Michael Dooley, University of California, Santa Cruz; Dr. Subir Lall, Assistant Director, European Department, International Monetary Fund; Dr. Eduardo Fernández-Arias, Inter-American Development Bank; Dr. Gillmore Hoefdraad, President, Centrale Bank van Suriname; Dr. Julio Velarde, Governor, Banco Central de Reserva del Perú; Dr. Alexander Tombini, Governor, Banco Central do Brasil; Dr. P. Nandalal Weerasinghe, Deputy Governor, Central Bank of Sri Lanka; Dr. José Darío Uribe, Governor, Banco de la República; Dr. Carlos Acevedo, President, Banco Central de Reserva de El Salvador; Dr. Danilo Astori, Vice President of Uruguay; Dr. Manuel Ramos Francia, Deputy Governor, Banco de México; Dr. Delano S. Villanueva, Special Consultant, Bangko Sentral ng Pilipinas, Former Adviser, International Monetary Fund; David Wolf, Adviser, Bank of Canada; Dr. Miguel ángel Pesce, Vice-President, Banco Central de la República Argentina and Ms. Pilar L′Hotellerie, Director General of International Affairs, Banco de España
OPENING & KEYNOTE PRESENTATIONS
- Dr. Hans Timmer, Director, Development Prospects Group, The World Bank
Challenges for Central Banks
MACROECONOMIC AND FINANCIAL OUTLOOK
- Macroeconomic and Financial Outlook
Dr. Subir Lall, Assistant Director, European Department, International Monetary Fund - Economic policy-making in a small and open economy—the case of Suriname
Dr. Gillmore Hoefdraad, President, Centrale Bank van Suriname
THE ROLE OF CENTRAL BANKS IN MACROECONOMIC STABILITY
- Macroeconomic Stability in the Aftermath of the Financial Crisis
Dr. Julio Velarde, Governor, Banco Central de Reserva del Perú
THE ROLE OF CENTRAL BANKS IN FINANCIAL STABILITY
- The Role of Central Banks in Financial Stability
Dr. Carlos Acevedo, President, Banco Central de Reserva de El Salvador - Post-Crisis Strategies to Enhance Prudential Supervision and Regulation to Promote Financial Stability
Mr. Michael Zamorski, Adviser, The SEACEN Centre
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KEYNOTE PRESENTATIONS
- International Monetary Policy Interactions: Challenges and Prospects
Dr. José Luis Escrivá, Chief Representative for the Americas, Bank for International Settlements
REAL POLICY RATES AND REAL GROWTH (GRAPH)
THE FUTURE OF INFLATION TARGETING
- Should Policymakers Respond Directly to Financial Stability in their Interest-Rate Rule?
Dr. Delano S. Villanueva, Special Consultant, Bangko Sentral ng Pilipinas, Former Adviser, International Monetary Fund
PRESENTATION
SCOPE FOR COORDINATION AND COOPERATION AMONG CENTRAL BANKS AND MULTILATERAL ORGANIZATIONS
- SCOPE for Central Banking COOPERATION: New- age ERA for Policy Coordination
Mr. Hookyu Rhu, Executive Director, The SEACEN Centre
PRESENTATION
